Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income (Loss) and Accumulated Other Comprehensive Income

v2.4.0.6
Comprehensive Income (Loss) and Accumulated Other Comprehensive Income
6 Months Ended
Sep. 30, 2012
Comprehensive Income (Loss) and Accumulated Other Comprehensive Income  
Comprehensive Income (Loss) and Accumulated Other Comprehensive Income

Note 6. Comprehensive Income (Loss) and Accumulated Other Comprehensive Income

 

Comprehensive income (loss) for the quarters and six months ended September 30, 2012 and 2011 includes the following components (amounts in thousands):

 

 

 

Quarters Ended September 30,

 

Six Months Ended September 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

Net income (loss)

 

$

(24,921

)

$

14,318

 

$

(42,674

)

$

46,167

 

 

 

 

 

 

 

 

 

 

 

Currency translation gain (loss)(1)

 

3,907

 

(11,592

)

(4,059

)

(8,487

)

Amortization of defined benefit pension plans

 

(1,244

)

100

 

(1,142

)

216

 

Amortization of postretirement benefit plan

 

(232

)

(91

)

(161

)

(161

)

 

 

$

(22,490

)

$

2,735

 

$

(48,036

)

$

37,735

 

 

 

(1) Due primarily to the Company’s permanent re-investment assertion relating to foreign earnings, there was no significant deferred tax effect associated with the cumulative currency translation gains and losses during the quarters and six months ended September 30, 2012 and 2011.

 

The components of “Accumulated other comprehensive income” on the Condensed Consolidated Balance Sheets are as follows (amounts in thousands):

 

 

 

September 30, 2012

 

March 31, 2012

 

Foreign currency translation gain

 

$

14,048

 

$

18,107

 

Defined benefit pension plans

 

(9,224

)

(8,082

)

Defined benefit postretirement plan adjustments

 

1,834

 

1,995

 

 

 

$

6,658

 

$

12,020